A U.S. District Court approved a proposed $8.5 million class action settlement for investors who bought Virgin Galactic Holdings or Social Capital Hedosophia Holdings common stock between July 2019 and August 2022. The settlement aims to resolve claims against Virgin Galactic and certain executives. A fairness hearing is scheduled for July 9, 2026, to decide on approving the settlement, dismissing the lawsuit, and awarding attorneys' fees. Eligible investors must submit claims by August 13, 2026, to receive compensation.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
